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Resource Maven: Breaking Down the Uranium Surge: What’s Behind the 50% Price Jump?

October 14, 2023

Resource Maven

by James Hyland, MiningIR

By Gwen Preston, The Resource Maven

Wondering why the price of uranium has skyrocketed by 50% since mid-summer? Gwen Preston has the answers! In this video, she delves into the uranium market, decoding the complexities and offering invaluable insights on how you can leverage this boom for potential gains.

“What matters is that all of these things have created a real supply shortage and there’s no easy answer to mining more pounds of uranium so utilities will have to do two things first they will fight for the pounds available today and second they will focus on long-term contracts to secure pounds for tomorrow.”

Gwen Preston, The Resource Maven
YouTube video

Gwen Preston is a well-known resource investment expert and the founder of the “Resource Maven” newsletter. She specializes in providing insights and analysis on the resource sector, including metals like uranium.

Supply and Demand: The price of uranium is heavily influenced by supply and demand dynamics. If there’s an increase in demand for nuclear energy or a decrease in uranium production, it can drive prices higher.

Geopolitical Factors: Political instability in uranium-producing regions or changes in government policies can affect uranium supply, leading to price fluctuations.

Investor Sentiment: The resource sector, including uranium, is influenced by investor sentiment. Positive sentiment, increased investment, or speculation can drive prices up.

Nuclear Energy Policies: Government policies related to nuclear energy and carbon emissions can impact uranium demand. A shift towards nuclear energy as a clean energy source can drive demand for uranium.

Currency Exchange Rates: Since uranium is often traded internationally, changes in currency exchange rates can affect its price.

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About Maven Letter and Gwen Preston

The Maven Letter is an independent perspective on investment opportunities in the mining sector, written by an expert investor about how she is positioning her portfolio, and with particular focus on the junior companies that explore for new discoveries and build new mines. The Maven Letter is supported by readers who subscribe to see what Gwen is buying, selling, and thinking.

Maven Publishing and Gwen Preston never take money from companies for coverage.

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MiningIR hosts a variety of articles from a range of sources. Our content, while interesting, should not be considered as formal financial advice. Always seek professional guidance and consult a range of sources before investing.
James Hyland, MiningIR